Langton Capital – 2022-06-17 – Business tracker, inflation, Amber Taverns, Costa, interest rates etc.:
Business tracker, inflation, Amber Taverns, Costa, interest rates etc.:A DAY IN THE LIFE: If you think that the blaring siren of an ambulance… • See premium. Reply to this email to upgrade. Have a good weekend and on to the news: LANGTON EMAIL: The Free Email is now written in short form. Extended versions of many stories are in the Premium Email. Reply to this email if you would like to upgrade. See Twitter for in-day comment. Let us know if you would like an example of the Premium Email or to comment on the new format. Prices for the Premium are £345 for one subscription, £595 for multiple, both plus VAT. Reply to this email to order & request invoice. Or sign up for easy in, easy out monthly option HERE PUBS & RESTAURANTS: Food price inflation. IGD has said that due to its reliance on food imports and the impact of Brexit, the UK is ‘uniquely exposed to current pressures’ on food prices. • See premium. Reply to this email to upgrade. Trading: Coffer CGA Tracker. This headlines that managed groups’ like-for-like sales, across pubs & restaurants combined. were flat in May as the ‘cost crisis deepens.’ Overall LfL sales were up by 0.1% on 2019 in May. • See premium. Reply to this email to upgrade. Lumina has updated on the UK eating out market, saying that it believes it will be worth some £102.8 bn in 2025 (2022 estimate £95.2 bn. Lumina further reports that some 23% of consumers ate out in the 12 weeks ended 15 May 2022… • See premium. Reply to this email to upgrade. The Night-Time Industries Association has said that the proposed rail strikes next week will have “catastrophic impact” on trade… A report from Barclays Corporate Banking warns that the hospitality and leisure sector’s post-pandemic revival could be severely hindered by the cost-of-living crisis and a widespread lack of staff. • See premium. Reply to this email to upgrade. Cost of living crisis: A survey undertaken for the BBC has looked at what consumers are cutting back on… • See premium. Reply to this email to upgrade. Other news: Another tough day in some parts of leisure yesterday. All down 5% were Brighton Pier, Intercontinental Hotels, Jet2 and M&B. Falling further were C&C, Deliveroo, Domino’s, Entain and Whitbread, all down 6% and Various Eateries, down 7%. Restaurant Group and Shaftesbury were down 8% and TUI and Cineworld were some 9% lower. Just Eat and Carnival lost 10% of their value on the day. Transport minister Grant Shapps says that the RMT’s planned train strikes will drive passengers away… COMPANY NEWS: Sky reports that Fortress Investment Group, owner of Punch Pub, is exploring a potential takeover of smaller rival Amber Taverns… According to Lumina Intelligence’s UK Eating Out Market Report 2022, Nando’s is expected to grow its outlet numbers by 4% in 2022 to reach 465, reaching an 11.7% share of the branded restaurant market. • See premium. Reply to this email to upgrade. Costa Express will roll out an integrated hot and cold self-serve coffee machine in the UK, after a successful trial in Bristol last year. Over 1,100 machines will be available across England, Scotland and Wales. • See premium. Reply to this email to upgrade. The MCA reports that Comptoir Group aims to balance its estate by rolling out its QSR format Shawa. The Comptoir brand currently has 22 restaurants whereas Shawa currently has two sites. The group is looking to develop a further four company owned and operated Shawa sites over the next 12-18 months. McDonald’s is to pay the French government some €1.2 billion in order to settle a case in which it had been accused of years’ worth of tax evasion. McDonald’s has said that the settlement was not an admission of guilt. HOLIDAYS & LEISURE TRAVEL: A European Travel Commission study has found that 73% of Europeans plan to take a holiday between June and November… The Caterer reports that Peel Hotels has put three more of its properties up for sale: the Caledonian hotel in Newcastle, the Midland hotel in Bradford and the George hotel in Wallingford. The Inn Collection Group has acquired the prominent Ravensworth Hotel… The Advantage Travel Partnership reports that new bookings for summer departures rose some 33% week on week. They are now up 12% on 2019. Meanwhile, Gatwick Airport is cutting flights numbers during the peak summer period due to staff shortages. The number of daily flights will be cut to 825 in July and 850 in August, down from 900 in prior years. Heathrow has said it will take more than a year to resolve staffing issues. WPI Economics has reported that face-to-face meetings will continue to be a driver of business travel in the UK. It says that 45% of respondents to a recent poll said they would increase air travel compared to 2019. OTHER LEISURE: Playtech has announced that the put-up-or-shut-up deadline… FINANCE & MARKETS: The Bank of England’s MPC yesterday raised interest rates from 1% to 1.25% in order to combat inflation. Rates have risen from 0.10% to 1.25% in pretty much a straight line. Rates are at their highest level since 2009. Inflation. The Bank of England has raised its inflation forecast from around 10% to around 11%… • See premium. Reply to this email to upgrade. May CPI numbers are out next week. The BCC comments on yesterday’s rise… • See premium. Reply to this email to upgrade. Sterling up at $1.2301 and €1.1686. Oil price up at $119.15. UK10yr gilt yield up 6bps at 2.52%. World markets weak yesterday but a bounce is on the cards. London set to open some 59 pts higher as at 6.30am. FORTHCOMING NEWS: Another relatively quiet week on the numbers front next week. Coca Cola HBC hosts its AGM on Tuesday and Chapeldown does the same on Wednesday. Naked Wines announces full year numbers on Thursday. A bit more lively on the economics front. UK CPI and RPI numbers come out on Wednesday with Public Sector Borrowing numbers on Thursday. Friday should see Flash PMI numbers as well as the widely-followed GfK Consumer Confidence numbers. RETAIL WITH NICK BUBB: • See premium. Reply to this email to upgrade. |
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